Farm Business Management

15 Month or 20 Month Options

Instructor: Pratt

One certificate of completion, one certificate, and one Associate of Applied Science degree are available. Course instruction is five months per year with Entry Date (for certificates) the last week in October; Exit Date the third week in March.

The Farm and Ranch Management Education program is designed to assist farm families achieve their farm business and
family goals through improved management, organization, and efficiency of farming operation.

This program is not a production agricultural program, but instead, emphasizes the marketing and management abilities needed to operate a successful farming operation during a widely fluctuating economic cycle. The use of the computer in this program is to aid the farm manager in evaluating and making sound management decisions. Special Fees apply to the certificate options in this program.

5 Month Option

The following courses are required for a certificate of completion:

FBM 175         Farm Business Records I               2 cr
FBM 176         Farm Business Records II              3 cr
FBM 177         Farm Business Analysis I              2 cr
FBM 178         Farm Business Analysis II             3 cr
FBM 281         Farm Business Finance I               2 cr
FBM 282         Farm Business Finance II              3 cr
                                              TOTAL: 15 cr

15 Month Option

The following courses are required for a certificate:

The 15 credits required for a certificate of completion plus:

FBM 283         Farm Business Organization I          2 cr
FBM 284         Farm Business Organization II         3 cr
                                              TOTAL: 20 cr

Associate of Applied Science Degree in Farm Business Management

(6 Semesters)

Required Courses:

FBM 175         Farm Business Records I               2 cr
FBM 176         Farm Business Records II              3 cr
FBM 177         Farm Business Analysis I              2 cr
FBM 178         Farm Business Analysis II             3 cr
FBM 281         Farm Business Finance I               2 cr
FBM 282         Farm Business Finance II              3 cr
FBM 283         Farm Business Organization I          2 cr
FBM 284         Farm Business Organization II         3 cr
FBM 285         Farm Business Practicum               7 cr
MANT 121        Essentials of Management              3 cr
MART 242        E-Commerce                            3 cr
MGT 101         Introduction to Business              3 cr
OT 140          Keyboard Skill Development            1 cr

General Education Requirements:
COMM 101        Principles of Speech                  2 cr
ENGL 101        English Composition                   3 cr
ENGL 102        Critical Reading and Writing          3 cr
SPAN 101        Elementary Spanish I                  4 cr
SPAN 102        Elementary Spanish II                 4 cr
Goal 4                                                4 cr
Goal 3                                                3 cr
Goals 6,7,9,10A,or 12                                 3 cr
                                              TOTAL: 63 cr

Courses

FBM 175 Farm Business Records I 2 credits. Covers a systematic approach to keeping accounting records on a computer. Includes modules of accounting procedures, account structure, enterprise accounting, cash vs. accrual accounting, balance sheet and income statement, tax records, written communications, word processing, and computer literacy. F

FBM 176 Farm Business Records II 3 credits. Continues instruction begun in FBM 175. Instructional modules include crop records, livestock records, and computerized accounting. PREREQ: FBM 175. S

FBM 177 Farm Business Analysis I 2 credits. Module instruction involves business law. Computer applications include electronic spreadsheets and computerized law document development. PREREQ: FBM 175 and 176. F

FBM 178 Farm Business Analysis II 3 credits. Module instruction involves using statistics in agriculture, planning and goal setting, financial ratio analysis, and cash flow budgeting. Computer applications involve electronic spreadsheets. PREREQ: FBM 177. S

FBM 281 Farm Business Organization I 2 credits. Module instruction includes time value of money and lease vs. decision. Computer applications involve advanced electronic spreadsheets. PREREQ: FBM 178. F

FBM 282 Farm Business Organization II 3 credits. Module instruction includes using credit, insurance, supervision of employees, and futures, hedging, and options. Computer applications involve advanced electronic spreadsheets. PREREQ: FBM 281. S

FBM 283 Farm Business Organization III 2 credits. Module instruction involves geometry for farmers, OSHA applications within agriculture, time management, stress management, electronic spreadsheets used as a database, and Internet applications. PREREQ: FBM 178. F

FBM 284 Farm Business Organization IV 3 credits. Covers Statement of Change in Owner's Position, macro- and micro-economics, non-farm investments, real estate, farm first aid, fertilizers, labor law, worker's compensation, estate planning, and bankruptcy. Two case studies complement the lecture. PREREQ: FBM 178. S

FBM 285 Farm Business Practicum 7 credits. The student will submit actual records to include accounting records, production records, ratio analysis, break-even analysis, cost and market value balance sheet, business plan, cash flow budget, and accrual income statement. PREREQ: FBM 177, COREQ: FBM 178. S

IDAHO STATE UNIVERSITY Academic Information  Contact: webmaster@isu.edu Revised: June 2004